Amendment #16 to H.3452

Preserve Small Business Group Purchasing Cooperatives

Ms. Dykema of Holliston move that the bill be amended by striking out Sections 53 and 54 and by striking out the last sentence in Section 102 and inserting in place thereof the following sentence:--

“The commissioner of insurance shall issue regulations to implement this section, including, but not limited to, regulations setting forth the manner in which carriers may utilize and apply the rate adjustment factors set forth in this section during the period from January 1, 2014 through December 31, 2015, to the extent required by federal law.”

For text as changed, see below:

by striking out the last sentence in Section 102 and inserting in place thereof the following sentence:--

“The commissioner of insurance shall issue regulations to implement this section, including, but not limited to, regulations setting forth the manner in which carriers may utilize and apply the rate adjustment factors set forth in this section during the period from January 1, 2014 through December 31, 2015, to the extent required by federal law.”